185 Pena Lane, Palm Springs, California 92262, Palm Springs, 92262 - 3 bed, 4 bath

185 Pena Lane, Palm Springs, California 92262 home-pic-0

185 Pena Lane

Palm Springs, California 92262

ACTIVE
CONDITION: EXCELLENT
3Beds
4Baths
2,245Sq Ft
Lot Size

Property Price

LIST PRICE$2,030,000
EST. MARKET VALUE
$1,992,654

SUMMARY

Estimated Market Value

$1,992,654
Based on Realkey algorithm analyzing recent comparable sales in Palm Springs.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
185 Pena Lane
Subject
$2,030,000*
List Price
342,245$888-
A
183 Pena Lane
Sold
$1,975,000342,245$8800.0 mi
B
181 Pena Lane
Sold
$2,275,000342,245$1,0130.0 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Excellent
TeardownExcellent

Property is new construction or fully renovated.

This is a brand-new 2025 luxury construction featuring high-end appliances, modern architectural design, private elevators, and premium finishes. As a new build, all components meet the highest current quality standards with no physical depreciation.

PROSSTRENGTHS & OPPORTUNITIES

  • Premier Location

    Situated in the prestigious Old Las Palmas neighborhood, this property offers unparalleled walkability to the high-end shops and dining of Palm Canyon Drive.

  • Luxury Rooftop Living

    The residence features a spectacular, fully outfitted roof deck with an outdoor kitchen, fireplace, and private elevator, providing elite entertaining space with panoramic mountain views.

  • Exclusive Detached Design

    As the final available fully detached unit in Phase 1, this home offers superior privacy and a 'world apart' feel within a new construction luxury enclave.

CONSRISKS & DEFICIENCIES

  • Premium Pricing

    With a recent price increase to over $2 million, the property sits at a high price-per-square-foot, which may challenge buyers looking for traditional value in the area.

  • Limited Outdoor Space

    The 'low maintenance' design includes a small dipping pool rather than a full-sized swimming pool, which may not appeal to buyers seeking a classic, expansive desert backyard.

About 185 Pena Lane

Welcome to The Twelve At Old Las Palmas, a unique enclave of twelve luxury residences nestled in the most sought after neighborhood of Palm Springs. ONLY ONE UNIT LEFT IN PHASE 1, which is the ONLY phase where the units are FULLY DETACHED! Downtown living meets old world elegance in this new construction community surrounded by some of the most important estate homes in the desert. Walkable to the best shops and restaurants on Palm Canyon Drive. One of the most seasoned developers in the desert with decades of experience aligned with Michael Walters of Dakota DesignWorks to create this small collection of sophisticated yet casual, and ultimately very livable homes. Featuring spectacular, fully outfitted roof decks with outdoor kitchens, lounging areas with fireplace and private elevators. Views are simply magnificent -- a sea of palm trees and Mt San Jacinto above the estates of Old Las Palmas. Each home has its own dipping pool. The design details are extraordinary and luxurious throughout, including fully pocketed glass sliders, solid wood doors, high end appliances and custom metalwork. The Old Las Palmas location is unparalleled. The opportunity to enjoy a low maintenance, high end, new construction home in this location is unique. The community areas are as tailored and curated as the homes, with cobble streets and architectural details which fully enclose the community and create a world apart, just steps from the activity of downtown Palm Springs. Call today for more information and private showings.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
2025
Lot Size
-

Interior

Total Bedrooms
3
Total Bathrooms
4 (4 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$620.0 / Month

Neighborhood Insights

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds3.03.0
50%
Baths4.03.0
70%
Square foot2,2451,964
59%
Lot Size-9,583
2%
Price$2.03M$900.0K
90%
Price per sq ft$904$478
93%
Built year20251989
89%
HOA$620.0$0
99%
Days on market341180
92%

Pricing History

Listed for Sale

Aug 19, 2025

$2,030,000

Initial Listing

Price Change

Apr 1, 2025

$1,875,000

Initial Listing

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